COMPANY REGISTRATION NUMBER: R000337 CHARITY REGISTRATION NUMBER: NIC106075 Irish Temperance League (Incorporated 1900) Company Limited by Guarantee Financial Statements 31 December 2023 •ACZSRXQQ 2710312024 COMPANIES HOUSE A03
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Chartered Accountants 427 Holywood Road Belfast BT4 2LT
Irish Temperance League (Incorporated 1900) Company Limited by Guarantee Financial Statements Year ended 31 December 2023 Pages Trustees, annual report (incorporating the directorfs report) 1to4 Independent examinerfs report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Statement of cash flows Notes to the financial stalements 9t015
Irish Temperance League (Incorporated 1900) Company Llmited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 31 December 2023 The trustees. who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 December 2023. Reference and admlnistratlve detalls Registered charity name Irish Temperance League {Incorporated 1900) Charlty registration number NIC106075 Company registrallon number R000337 Prlncipal offlce and reglstered Irish Temperance League (Incorporated 1900) offlc• Muir Building 427 Holywood Road Belfast BT4 2LT The trustees Miss HM Boland Miss P Boyd Mr TWG Briggs Mr JR Gibsan Mr EG Johnson Rev JT Lamb Mr JG Nicholson Dr DG Patterson Dr ZG Pickering Mr TL Place Rev WJ Rea Mr AH Wood (Died 6 October 2023) (Resigned 14 January 2023) Company secrelary Dr ZG Pickering Independent ex8mlner Paul Leathem FCA of Muir & Addy Chartered Accountants 427 HOl00d Road Belfast BT4 2LT Structure, governance and management Governlng Document The organisation is a charitable cornpany limited by guarantee. The company was established under a Memorandum of Association which established the objects and powers of the company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an arnount not exceeding £1.
Irish Temperance League (Incorporated 1900) Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (continued) Year ended 31 December 2023 Structure, governance and management (Contlnuedj Recruitment and Appoinlment of Directors The directors of the company are also charity trustees for the purposes of charity law. Under Ihe quiremenls of the Memorandum and Articles of Association the directors are elected lo serve for a period of three years after which they must be re-elected at the next Annual General Meeting, The directors of the company have a mix of business and other skills. In the event of particular skills being lost due to retirement or resignation. suitable individuals are approached to offer themselves for appointment as directors. Dlrector Inductlon and tralnlng Most new directors are already familiar with the work of the charity. New directors are encouraged to attend suitsble training courses to familiarise themselves with both the work of the charity and their responsibilities as directors. Rlsk management The directors have carried out a review of the major risks to which the charity is exposed, and where appropriate have put in place systems and controls to mitigate the effects of those risks. Oblectlves and aetivltles The principal activities of the company are to promote an alcohol-free and drug-free lifestyle by the advocacy of total abstinence from alcohol and other dangerous drugs, to promote the discussion, consideration and research of any question relating to drug and alcohol use, and to provide resource and development means for the aforesaid purposes. Achlevements and perforniance Revlew of actlvltles In the year ended 31 December 2023 grants totalling £53,500 were awarded to 8 different organisations. These organisations satisfied the grant awarding Crlteria and Conditions through either completion of an Application Fonn (for Projects and Core Funding) or a Report to a rneeting of the Directors (for Associateship Funding). The awards to Associateship organisations included within grants this year were namely Hope North West, Stauros Foundation, Exodus Trust, Christian Family Centre. Recovery Café Loughbrickland and Portadown Temperance Council. Flnanclal revlew The years activities resulted in an increase in funds of £41,254. The directors will be devoting their efforts to continue the principal activities of the company within the constraints of the finance available. The principal funding source is by way of investment income. The principal expenditure is the payment of granls to organisations which promote alcohol-free and drug-free lifestyles. particularly to young people. The surplus this year is due to an increase in the valuation of the investment portfolio. Reserves policy The directors have examined the charitys requirements for reserves in the light of the main risks to the funding of the organisation. Unrestricted funds are currently £1,735,721 and this level of reserves would be sufficient to fund the organisation's running costs for a period of approximately 24 years at current levels of spending. As the sole source of income is currently investment income, the directors consider this level of resen4es to be necessary to fund the current charitable activities. The expenditure on charitable activities each year is set at a level which takes into account the annual income from investments.
Irish Temperance League (Incorporated 1900) Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (contlnued) Year ended 31 December 2023 Flnan¢lal r•vl•w (eonelnued) Investment pollcy The assets of the charity are invested to produce the best financial return within an acceptable level of risk. The objective is to achieve a balance between longer term growth and current income with a medium risk profile, thereby generating a sustainable level of investment income to support the current charitable activities. The investment policy precludes direct or indirect investment in companies involved in the alcohol, tobacco, gambling or amiaments inclustries. The directors have appointed a professional management finr. Evelyn Partners Investment Management LLP, to manage the investments on a discretionary basis, in line with this policy. The investment management firm provide investment valuations and reports on a quarterly basis which are reviewed by the directors. The investment manager meets in person with the directors on a six monthly basis. Plans for future periods The directors will continue to award grants to groups involved in appropriate activity countering the use and abuse ol alcohol and other drugs, and which meet the crileria and conditions set out in the League's 9rants procedures. Trustees. responslbllltles statement The trustees. who are also directors for the purposes of company law, are responsible for preparing the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the charity trustees to prepare financi81 st81emeniS for each year which give a true and fair view of the state of affairs of the charitable company and the Incoming resources and application of resources. including the income and expenditure, for that period. In preparing these financial statements, the trusiees are required to: select suitable accounting policies and then apply them consistently, observe the methods and principles in the applicable Charities SORP; make judgments and accounling estimates that are reasonable and prudent. prepare the financial stalements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping adequate accounting records Ihat are sufficient to show and explain the charitys transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevents'on and detection of fraud and other irregularities. Small company provlslons This report has been prepared in accordance wilh the provlsions applicable to companies entitled to the small companies exemption.
Irish Temperance League (Incorporated 1900) Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (contlnu•d) Year ended 31 December 2023 The trustees, annual report was approved on 13 March 2024 and signed on behalf of the board of trustees by: Dr ZG Pickering Charity Secretary
Irish Temperance League (Incorporated 1900) Company Limited by Guarantee MUIR & ADDY Independent Examiner's Report to the Trustees of Irish Temperance League (Incorporated 1900) Year ended 31 December 2023 l port to the trustees on my examination of the financial statements of Irish Temperance League (Incorporated 1900) ('the charity) for the year ended 31 December 2023. Responsibllitles and basls of report As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of Charities Act (Northem Ireland) 2008 (the '2008 Act.) and the Companies Act 2006 ('the 2006 Act.). You are satisfied that the accounts of the company are not required by charity or company law to be audited and have chosen instead to have an independent examination. Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of Ihe charitys financial statements as carried out under section 65 of the 2008 Act. In carrying oul my examination I have followed the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the 2008 Act. Independent examinerfs statement I have completed my examination. I confirm that no matters have come to my attention in connection with my examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the charity as required by section 386 of Ihe 2006 Act., or the financial statements do not accord with those records. or the financial statements do not comply with the accounting requirements of section 396 01 the 2006 Act other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination., or the financial statements have noi been ppared in accordance with the methods and principles of the Slatemenl of Recommended Practice for accounting ancl reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I confim that there are no other matters to which attention should be dravm to enable a proper understanding of the accounts to be reached. Paul Leathem FCA of Muir & Addy Chartered Accountants Independent Examiner 427 Holwood Road Belfast BT4 2LT 13 March 2024
Irish Temperance League (Incorporated 1900) Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 December 2023 2023 Unreslricted funds Total funds Total funds 2022 Not Income and endowments Investment income 59.140 59,140 59.140 59,088 Total income 59.140 59,088 Expenditure Expenditure on raising funds: Investment management costs Expenditure on charitable activities Total expendlture (8.841) 163.281) (72,122) (8,841) 163,281) 172,122) (9,269) (70,778) (80,047) Net gainsl(losses) on investments 11 54,236 54,236 (132,778) Net Incomel{expendlture) and net movement In funds 41,254 41,254 (153,737> Reconclllation of funds Total funds brought forward Total funds carried forward 1,694.467 1.694.467 1,848,204 1,735.721 1,735,721 1,694,467 The statement of financial activities includes all gains and losses recognised in the year. All Income and expenditure derive from continuing activities. The notes on pages 9 to 15 form part of these financial statements.
Irish Temperance League (Incorporated 1900) Company Limited by Guarantee Statement of Financial Position 31 December 2023 2023 2022 Note Flxed assets Investments 15 1,731,472 1,577.140 Current assets Cash at bank and in hand 16,117 124.327 Creditors: amounts falllng due wlthin one year Net current assets 16 11,868 7,000 4,249 117,327 Totsl assets less ¢ent Ibabilities 1,735,721 1,735,721 1.694.467 Net assets 1.694,467 Funds of thè charlty Unrestricted funds 1,735,721 1,735,721 1,694,467 Total charlty funds 17 1,694,467 For the year ending 31 December 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relaling to small companies. Directors, responsibilities.. Th8 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476., The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial ststements. These financial ststements have been prepsred in accordance with the provisions appllcable to companies subject to the small companies, regime. These financial statements were approved by the board of trustees and authorised for issue on 13 2024. and are signed on behalf of the board by: Miss P Boyd Trustee r JG Nicholson Trustee Th• notes on pages 9 to 15 form part of Ihese financial statements.
Irish Temperance League (Incorporated 1900) Company Limited by Guarantee Statement of Cash Flows Year ended 31 December 2023 2023 2022 Cash flows from operatlng actlvltles Net incomel{expenditure) 41,254 (153,737) Adjustments for.. Net gainsl{losses) on investments Dividends, interest and rents from investments Other interest receivable and similar income Interest payable and similar charges Accrued expenses {54,236) (58,829) (311) 40 2,368 132,778 (58,859) (229) 42 Changes in.. Trade and other creditors 2,500 Cash generated from operations (67,214) (80,005) Interest paid Interest received (40) {42) 229 Net cash used in operating activitles (66.943) (79,818) Cash flows from Investlng actlvlties Dividends, interest and rents from investments Purchases of other investments Proceeds from sale of other investments 58,829 1100,096) 58,859 (29,019) 133,470 Net cash (used in)Ifrom investing activities (41,267) 163,310 Net (decrease)Ilncrease In cash and cash equlvalent• Cash and cash equivalents at beglnnlng of year Cash and cash equlvalenta at end of year (108,210) 124,327 16,117 83,492 40,835 124,327 The notes on pagés 9 to 15 fom part of these financial statem•nts.
Irish Temperance League (Incorporated 1900) Company Llmited by Guarantee Notes to the Financial Statements Year ended 31 December 2023 General inforniation The charity is a private company limited by guarantee registered in Northern Ireland (Company No. R000337), registered as a charity with the Charity Commission for Northern Ireland (Charity No. NIC106075) and recognised as a charity by the Inland Revenue (Reference No. XN46645). statement of compllance These financial statements have been prepared in accordance with FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP) (FRS 102) and the Charities Act (Northem Ireland) 2008. Accountlng pollcles Basls of preparatlon The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial ststements are prepared in sterling, which is the functional currency of the entity. Golng concern There are no material uncertalnlies about the charitys ability to continue. Judgements and key sources of estlmatlon uncertalnty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually revIevd and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Fund accountlng Unrestricted funds are available for use at the discretion of the Irustees to further any of the charitls purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitmenl. Restricted funds are subjected to restrictions on their expenditure dedared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted incorne funds or endowment funds. Incomlng resources All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow lo the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
Irish Temperance League (Incorporated 1900) Company Limited by Guarantee Notes to the Financial Statements (contlnuedj Year ended 31 December 2023 Accounting policies (Continued) Incomlng resources (contlnued) Income from clonations or grants is reco9nised when there is evidence of entitlement to the gift, receipt Is probable and its arnount can be rneasured reliably. legacy income is recognised when receipt is probable and entitlement is esLiblished. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered. and is classified under headings of the statement of financial activities to wthich It relates expenditure on raising funds includes the costs of 811 fundraising activits'es, events, non- charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activilies that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned lo charitable activities. other expenditure includes all expenditure thal is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of Ihe resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apprortioned between the activits'es they contribute to on a reasonable. justrfiable and consistent basis. Depreciatlon Depreciation is calculated so as to write off the cost or valuation of an asset. less its residual value, over the useful economic life of that asset as follows: Flxtures and fittings 20. slraight line Investments Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment. Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure. Impalrment of flxed asset8 A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carying value exceeds the recoverable amount. the asset is impaired accordingly. Prior irnpairments are also reviewed for possible reversal at each reporting date. 10-
Irish Temperance League (Incorporated 1900) Company Llmited by Guarantee Notes to the Financial Statements (continued) Year ended 31 December 2023 Accounting policies (continued) Impalmient of flxed assets (¢ontlnu•d) For the purposes of impairment testing. when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash- generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated lo each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units. Flnanclal Instruments A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current asséts and current liabilities are subsequently measured at the cash or oth8r consideratlon expected to be paid or received and not discounted. Debt Instruments are subsequently measured at amortised cost, Where investments in shares or preference shares are publicly Iraded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Financial assets thal are measured at cost or amortised cost are reviewed for objective evidence of Impairment at the end of each reporting date. If there is objective evidence of impairment, an impainnent loss is recognisecl under the appropriate heading in the sLqtement of financlal activities in which the inits'al gain was recognised. For all equity instruments regardless of signrficance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately. to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impaimient not previously been recognised. Llmlted by guarantee The company is a charitable company limited by guarantee. In the event of the company being wound up members are required to contribute an amount not exceeding £1. 11
Irish Temperance League (Incorporated 1900) Company Limited by Guarantee Notes to the Financial Statements (contlnuedj Year ended 31 December 2023 Investment Income Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Income from listed investments Bank interest receivable 58,829 311 58.829 311 58.859 229 58,859 229 59.140 59,140 59.088 59,088 Investment management costs Unrestricted Tolal Funds Unrestricted Total Funds Funds 2023 Funds 2022 Porttolio management 8,841 8,841 9,269 9,269 Expendlture on charltable activities by fund type Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Grant funding activilies Support costs 59,793 3,488 63,281 59,793 3,488 63,281 67,355 3,423 67.355 3.423 70,778 70.778 Expenditure on charltable actlvltles by actlvlty type Grant funding of activities Support costs Total funds 2023 Total fund 2022 Grant funding activities Governance costs 59,793 59.793 3,488 67.355 3,423 3,488 3,488 59,793 63.281 70,778 Analysls of support costs Analysis of support costs grant funding activities Total 2023 Total 2022 Governance costs 3,488 3.488 3,423 12-
Irish Temperance League (Incorporated 1900) Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 December 2023 10. Analysis of grants 2023 2022 Grants to institutions Grants to institutions 53.500 65,231 65,231 Total grants 53,500 11. Net galn81(losses) on Investments Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Gainsl(losses) on listed Investments 54.236 54,236 (132,778) (132,778) 12. Independent examlnatlon fees 2023 2022 Fe8s payable to the independent examiner for.. Independent examination of the financial statements 2,700 2,700 13. Staff costs The total stsff costs and employee benefits for the reporting period are analysed as foll0v.. 2023 2022 Wages and salaries The average head count of employees during the year was Nil (2022: Nil). No employee received employee benefits of more than £60.000 during the year (2022.. Nil). 14. Trustee remuneratlon and expenses No remuneration or other benefits from employment wilh the charity or a related entity were received by the trustees., 13-
Irish Temperance League (Incorporated 1900) Company Limited by Guarantee Notes to the Financial Statements (contsnued) Year ended 31 December 2023 15. Investments Cash or cash Listed equivalents Investments Total Cost or valuatlon At 1 January 2023 Additions Fair value movements 6.953 100,096 1,570,187 1,577.140 100,096 54,236 54,236 At 31 December 2023 107.049 1,624,423 1,731,472 Impalrment At 1 January 2023 and 31 December 2023 Carrylng amount At 31 December 2023 107,049 1,624.423 1.570.187 1.731,472 At 31 December 2022 6,953 1,577.140 All investments shown above are held at valuation. Flnanclal assets held at fair value All Investments are carried at their fair value. Investrnents in equities and fixed interest securities are all traded in quoted public markets, primarily the London Stock Exchange. The basis of fair value for quoted investments is equivalent to Ihe market value, using Ihe bid price. Assets sales and purchases are recognised at the date of trade at cost (that is their transaction value). 16. Credllors: amounts falllng due wlthln one year 2023 2022 Accruals and deferred income Approved grants 5,368 6,500 3.000 4,000 11.868 7,000 17. Analysls of charitable funds Unrestricted funds At Gains and 31 December losses 2023 At 1 January 2023 Income Expenditure General funds 1,694,467 59,140 (72,122) 54.236 1,735.721 At Gains and31 December losses 2022 At 1 January 2022 Income Expenditure General funds 1.848.204 59,088 (80.047) (132.778) 1,694,467 14-
Irish Temperance League (Incorporated 1900) Company Llmited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 December 2023 18. Analysis of net assets between funds Unrestricted Total Funds Funds 2023 Investments Current assets Creditors less than 1 year Net assets 1.731,472 16,117 (11,868) 1.735,721 1,731.472 16,117 (11,868) 1,735.721 Unrestricted Total Funds Funds 2022 Investments Current assets Creditors less than 1 year Net assets 1,577,140 124,327 (7,000) 1.694,467 1,577,140 124,327 (7,000) 1,694,467 19. Flnanclal Instruments The carrying amounl lor each category of financi81 instrument is as follows: 2023 2022 Flnanclal a88et8 measured at fair value through Income and expendlture Investments measured at fair value through incorne and expenditure 1,731,472 1,577.140 20. Analysls of changes in net debt At At 1 Jan 2023 Cash flows 31 Dec 2023 Cash at bank and in hand 124,327 {108,210) 16,117 15.